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past 20 states in job creation and turned a deficit into a rainy day fund. whether in public office or private business, i did not ask people what party they belong to. i asked them what ideas they brought to the table. as the governor, i met with leaders of both parties to find common ground. that is what i will do as president, and i will start on day one. on my first day of office, i will send five bills to office and signed five executive orders. everyone of them will help us create jobs. that is just the start of my plan to create 12 million jobs in my first term alone. every piece of legislation and every executive order will help us achieve five important goals. first, to achieve north american energy independence by 2020. second, to make sure students and workers have the skills they need to succeed. third, we will promote trade that works for america and cut down on countries like china when they cheat. fourth, we will cut the deficit from day one and balance our budget within 10 years. finally, we will champion our small businesses, of the engine of job creation in this co
and the senate leans more republican. we're more likely to get a grand bargain on deficit reduction because the president will be more likely to make a deal for 2014 and 2016. they can't spend the next four years not doing anything about the deficit. we could see a deal to reduce the budget deficit and that would be a net positive for all the financial markets if that happens. but if the republicans were to run the table, you would see a pretty big rally on wall street. >> if president obama stays in office, do you think we'll take another peek at the american jobs act? >> i certainly think that's something the president is going to bring to the table. and perhaps that could be part of a bargain around the debt ceiling. one thing we've heard a lot of talk about, not so much from the white house although they've suggested they're open to it, is some sort of extension not to the payroll tax cut, but something like that. and, actually, just from the economics -- >> which is the only thing that republicans liked over the sum from the american jobs act. >> that's a good point. that's a correct p
. on the other hand, we all spent so much time worrying about the deficit, so much time worrying about the long-term fiscal situation of the country and the fact is the fiscal cliff solves our deficit problem. it does come with something of silver lining. that if congress does nothing, our whole deficit problem isn't solved because we have to deal with medicare and rise of health costs over the next 20 or 30 years but medium term deficit problem is solved by the fiscal cliff with the increase in taxes and automatic decline in spendispen spending it disappears. for once, if congress does nothing, it will make major progress on the deficit. >> thanks so much. david, thanks for standing by and being with us. >> thank you. >> up next, marathon madness. the race goes on despite mounting controversy. and this weekend, we're turning rockefeller plaza into democracy plaza, broadcasting there this sunday. a special edition of "andrea mitchell reports" at a special time, 3:00 eastern only right here on msnbc. what if there was a new way to deal with money that focused less on fees and more... on what mat
of momentum in florida, thank you very much, steve. >> he said he would cut the deficit in half, instead, it's double what it was. he said he'd get unemployment by now down to 5.2%, and we learned today, it ticked up to 7.9%, that's 9 million jobs short. >> that was governor mitt romney calling out president obama for falling-- 9 million jobs soar has promised. and the bureau of labor and statistics, adding 171,000 jobs, now are the new numbers going to affect the way the candidates talk about the economy in these final days before the election in joining us now with perspective, a mitt romney supporter who deals firsthand with unemployment issues, governor jan brewer of arizona. >> good morning. >> let's talk for a moment about the jobs numbers that came out yesterday, and the president is saying that the fact that 171,000 jobs have been added shows that his policies are working and taking a little longer than he had he' hoped, but that the country is moving in the right direction. and what's your response to that? >> well, you know, we're all grateful as things are, are turning around a li
to the biggest budget deficit in 2008. >> so you believe the senate is doing their job? >> i think that they did the right thing in the budget control act. this includes revenue and going after these tax loopholes. the politicians who signed the pledge to the lobbyists grover norquist -- >> i will give you 60 seconds to respond. >> sitting around your kitchen tables you can't go three months without managing your finances. you can't go three weeks without managing the budget for your small business. but he and other career politicians have gone three years since they passed a budget. he talks about the budget control act. if you are watching this, think for a second. do you have the budget control act in your small business? this is washington speak. we manage our small business with the budget. but these politicians to think that they can live by different set of rules. after you've been there 20 years i think this is what happens. i support the proposal this is, no budget, no pay. >> this is a good sound bite but it doesn't get us to where we need to be. we passed the budget that does to the b
in this country. and we face this deficit -- could crush the future generations. and republicans and democrats both love america but we need to have leadership -- leadership in washington that will actually bring people together and get the job done and could not care less if it's a republican or a democrat. i've done it before, i'll do it again. i'm mitt romney, and i approve this message. we were told to build a 30-foot stage. gathered the guys and we built that 30-foot stage, not knowing what it was for. just days later, all three shifts were told to assemble in the warehouse. a group of people walked out on that stage and told us that the plant is now closed and all of you are fired... i looked both ways, i looked at the crowd, and...we all just lost our jobs. we don't have an income. mitt romney made over 100 million dollars by shutting down our plant and devastated our lives. turns out that when we built that stage, it was like building my own coffin, and it just made me sick. [ male announcer ] priorities usa action is responsible for the content of this advertising. >>> welcome back to
is there are people that are really hurting today in this country. and we face this deficit -- could crush the future generations. and republicans and democrats both love america but we need to have leadership -- leadership in washington that will actually bring people together and get the job done and could not care less if it's a republican or a democrat. i've done it before, i'll do it again. i'm mitt romney, and i approve this message. >>> hurricane sandy has certainly whipped up all sorts of trouble for people trying to get in and out of the washington d.c. region, no amtrak or marc service. most flights from our three major airports have all been canceled. fox 5's paul wagner joins us live now from union station with the latest there. >> reporter: the news here at union station is not too good. nothing's moving and based on a conversation i had with a spokesperson for amtrak earlier today, things for tomorrow aren't looking so good either. inside union station this afternoon there was no ambiguity on the message boards. it was crystal clear. riding the rails a day after sandy left town was not
deficit. there was a whole lot of rain. bob ryan has a good look at the numbers. >> this is one of those integrations. the soil was dry so the first rain soaked in. when the wind picked up, that was when we had the power outages of this area the purple, this was only in 24 hours. that will be flowing off and the coming down the potomac. here is the latest outlook for the potomac and also around georgetown. late tomorrow into tuesday for some minor to moderate flooding 1 foot or so above flood stage. look at these temperatures. this is likely december, early january. this will pick up the lingering showers and the snow out in western maryland. the southern wind continues and a lot of leftover clouds, may be passing sprinkle or shower again. temperatures will not be quite as low, but that's hardly a bargain. this is still a little on the chilly cited and well below average with a lot of clouds around. as we finally go through the next seven days, good to trick- or-treater and whether tomorrow afternoon. more sunshine. for the weekend, a little bit on the cool side and certainly better than
and deficit. we are going to have to ask some tough questions, and we cannot be playing politics. we have to have are robust plan. i would say around 4 trillion dollars closer to five trillion dollars, and there is a lot of work being done on this. i hope during a lame-duck we get a great start on it, because it is a huge issue for jobs. it is a huge issue for this country. ireland, greece, these are canaries in a mine shaft, and we need to move forward with a good policy that will impact a whole country and do it in a responsible way to move our economy forward, and that is the number one issue we need to work on to move our country forward. >> i thank you for the question. what i introduced was a balanced budget requirement for the federal government, but the first piece of legislation i will sponsor was to repeal obamacare. we need to put that money back into medicare. we cannot afford that. i would be proud to carry the legislation as i was proud to carry the legislation to fund obamacare, i would be proud to support legislation to repeal obamacare. >> speaking about president obama,
first order of business is going to be to get our deficits and debt under control. and the good thing is is that there's a forcing mechanism. the bush tax cuts end at the end of the year. we know that we've got the sequester looming that's taking a machete to something as opposed to a scalpel. and after the election, i think that both democrats and republicans have to step back and say, you know what? this is something that the country wants to solve. if i've won, then i believe that's a mandate for doing it in a balanced way. we've already made a tril dolli dollars worth of cuts. we can make cuts. look at how to deal with health care cots under medicare and medicare in a speeerious way, b we're going to also need revenue. we kind of settle on the big question, how much government are we going to have, and how are we going to pay for it, then a lot of the other stuff falls into place. >> can you get medicare done? >> i think we can. >> because republicans demagogue it. democrats demagogue it. everybody's demagogued it through the years. can you go to the republicans and say, guys, we'
and the deficit, the president's proposal was more realistic and it would have less of a shock to the system in the country and lead -- in that it would balance spending cuts. we like is more balanced approach to energy. we are in favor of obamacare. the editorial board was in favor of a public option so it did not go far enough for us. on social issues, immigration reform, women's rights, birth control, the editorial board aligns more with the president's policies. that is where we came down. we said that the voters are being asked by both candidates to take a leap of faith. given what we know about the previous four years, we decided that it was going to be an easier but to go with the president for four more. host: how many times have you seen president obama, governor romney, or their surrogates in your state? guest: president obama has been here eight times this year, governor romney has been here 6. paul ryan may be eligible to vote, he's been here that much. joe biden has been here once. we have had a lot of its from michelle obama. we have seen plenty of action this cycle. host: bill
doubled the deficit. not remotely true. he was headed at $1.2 trillion deficit, now a $1.1 trillion deficit. it is less. it is a god damn lie! but the rest of the media goes i can't do that. i can't tell the american people reality. here's what i'm worried about. i'm worried about that we're in an iraq kind of situation here. what do i mean by that? before the iraq war the republicans kept insinuating oh, my, saddam hussein iraq, weapons of mass destruction 9-11 iraq. about 70% of the country thought that saddam hussein was personally responsible for 9-11. if i thought that, i would want to invade iraq, too but he wasn't! he wasn't! so the american people were deceived and who helped to deceive them? the american media by calling everything neutral. while the republicans say this and the democrats say that. and now we have one side that lies all the time. systematically and what does the media do? they say this and other guys say that. no. it's not true. the republicans lie professionally. they do it all the
ran deficits. when daniels came into power on budgets you helped to write, indiana was $700 million in debt and had a deficit of $820 million. the facts are stubborn things. i would like to know, how are we going to mature and preserve the fiscal integrity of indiana? >> if you would have spent the last 12 years in india rather than in congress you would know your budget has to be balanced. i balanced and produced balanced budgets. i find it almost laughable that a united states congressman would lecture anybody about fiscal responsibility. you voted not once, not twice but five times congressman. you voted and the results increased our deficit by 200 billion, billion with a b dollars. >> find a key governors races from across the country on c- span, c-span radio and c- span.org/campaign2012. host: we turn our attention now to the history of the october surprise. or events that happened before an election. our guest is joining us from their studios in washington you wrote that the october's surprise is a long story and mostly exaggerated history. so, why we have october surprises an
a way to compromise and move forward on resolving the deficit problem. my feeling now is that it's not likely to be that simple. it's more likely to spill over into january. when that happens, we'll have a greater degree of uncertainty, not less. it may take longer to work this out than many people expect. indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for
are ready for a change. big word obama used last time. he was going to cut the deficit in half, increase jobs, we have a little bit of job growth. i don't always credit washington for that. i do credit the states and localities for that. but certainly the deficit's getting out of control and i think people are worried about their future generations being strapped with that. surely governor romney's been in ohio probably just as much as the president. they're hitting us quite a bit. people had a chance to listen what he had to say and trust in it. >> mayor coleman, you're mayor of columbus, ohio. the biggest city. how is the economy? it's coming down in this election to not only the future for other generations but also the economic picture in specific areas of the country. how is the economy in columbus right now? >> the economy in columbus is vastly improving. in fact, we're leading the way for the rest of the state. our unemployment rate is 5.7%. still, we have much more to go. we're the lowest unemployment rate in the entire state. frankly, it is the work of the locality, it is the wo
term america created 23 million new jobs and incomes were up and poverty was down and our deficit became the biggest surplus in history. so, our ideas were tried and tested and they worked. their ideas were also tried and they didn't workout so well. remember, in the eight years after bill clinton left office they tried this top down economics, they tried this you're on your own economics. we tried giving big tax cuts to the wealtheist americans, we tried giving insurance companies and oil companies big wall street banks free license to do whatever they pleased. we tried it, and what did we get? we got falling incomes, record deficits, the slowest job growth in after a century and we ended up with a economic crisis that we've been cleaning up after ever since. [cheers and applause] >> so we tried our ideas, they worked. we tried their ideas, didn't work. now, governor romney, he's a very gifted salesman, so he's been trying in this campaign as hard as he can to repackage these ideas that didn't work, the very same policies that did not work, and he's trying to pretend that they ar
-partisan president but he's been the most partisan, dividing and demonizing. he said he would cut the deficit in half. he's doubled it. he said he would focus on jobs, instead he focused on obama care that kills job and said he'd bring health insurance down $2,500 a year, the cost of it for an average family. anybody here have their insurance go down 2,500? >> no. >> as a matter of fact, the average is up $3,000 per family. look, the president said that he would work across the aisle, he would meet regularly with leaders in the republican party. do you know how long it's been since he's met with the republican leader of the house or the senate on jobs or the economy or the deficit, since july he hasn't met with him. look, he just has not been able to deliver on the promises he's made. talk is cheap. a record is real and takes hard work, and he has not been able to accomplish it, and i actually have a record of accomplishment and that's why i'm running. as you know, i started a business. i actually helped turn around another business and helped turn around the olympics and you may have heard i was gov
a -- >> deficit in two months, if we have a divided senate, it's the popular vote goes for governor romney and the president's reelected, who knows what will happen? >> gregg: the city will -- >> after this campaign, with doug and i have written about, after tearing the country apart in divide and conquer, the republican willingness to work with him is not high. >> he said this before which is important, is if we had that split ballot, in other words, they vote popular vote for romney, electoral vote puts obama over the top, or vice verse is a, doug is very smart about it. that this is going to delegit maze the winner. >> 40% of the people in -- >> we could have an election here where everybody agrees on the counting of the votes, unlike 2000, but had the system delegit maze with a fair vote. >> you're going to hear so much screaming and yelling about fraud. i'm going to tell you, if you have that outcome, second time around, 40% didn't believe the president was legitimate. >> gregg: we'll wait and see what happens on tuesday. i would guess ask you for your pre dicks burks i'm told you wil
; building on our manufacturing boom; boosting american-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message. >>> okay, you've got your candy, you've got your haunted houses. but halloween is all about creative costumes, isn't it? here are a few of the pictures that have come into us. you've got super mario there from mario brothers. some of the employees there. there's a young fan with robert griffin, iii. grif[ minto ] you know, those ads saying mitt romney would ban all abortions and contraception seemed a bit extreme. so i looked into it. turns out, romney doesn't oppose contraception at all. in fact, he thinks abortion should be an option in cases of rape, inces
-made energy; reducing the deficits responsibly by cutting where... we can, and asking the wealthy to pay a little more. and ending the war in afghanistan, so we can... do some nation-building here at home. that's the right path. so read my plan, compare it to governor romney's... and decide which is better for you. it's an honor to be your president... and i'm asking for your vote... so together, we can keep moving america forward. i'm barack obama and i approve this message.
to do with jobs but it does. it relates to debt and deficits which and that is if you're an entrepreneur thinking of risking your live ever life savings to start a business or build a factory, if you think america is on the road to greece or italy or spain, you're less likely to invest in america. and right now we spend a trillion more than we take in. it's bad for the economy. i think it's immoral for us to pass on debt like that to our kids and i will get america on track to a balanced budget. [applause] and number five, is to be a champion of small business, help small business grow and thrive. by the way, i didn't study small business alone. i've lived small business. i know how business works and i want to use that experience and that skill to help small businesses across the country. and there are a lot of ways to do that. let me mention just a couple. one relates to our taxes. do you realize that the taxes paid by a small business in america can be as high as 35%, that's the income tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate
jobs. he said he would cut the deficit in half but it doubled. he said he would get unemployment to 5.2 percent and today it ticked up to 7.9 percent. that is 9 million jobs short 789 those are real americans. can't find work. 23 million in work can't find work or work that is up to their needs. this is a critical time. the president was a president who took office with the economy as the number one challenge and he has high are unemployment today than when he took office. think of that. the president of the united states presides over a nation under his leadership where unemployment is higher than the day he took office. he said he would save social security and medicare because they were headed to insolvency. instead, he made no effort to save either and he took $716 billion from medicare to pay for obamacare. and he said he was going do lower the cost of your health insurance by $2,500 a family by now. instead it has gone up by $3,000 a family. gasoline prices are also up by $2,000 a family. of course, he said he would work across the aisle on the most important issues america face
is going to reduce the deficit. >> sean: really? if you know he how to do all these things why haven't you done them the past four years? is that the best you have got, mr. president? we see what your hopey changey thing brought us all. today the unemployment rate rose yet again. higher than when you took office four years ago and now stands at 7.9%. at this point in your presidency you predictd that by october of 2012 the unemployment rate would be, let's see, 5.2% at this stage. earlier, congressman paul ryan talked about the long list of obama's broken promises. there is no end to it. watch this. >>> remember when said he would cut the deficit in half? i don't even have to follow up that one, do i? what we are seeing today is that 23 million americans are struggling to find work today. what we see today s that 15% of our fellow country men and women are living in poverty. this is the highest poverty rate in a generation. the economy is growing at less than half the rate the president said it would be growing at if only he could borrow a bunch of money and spend it on his cronies in the
of enthusiasm on both sides. my strong sense, paul, this is an enthusiasm deficit on the democratic side. >> paul: all the polls show that. >> all the polls show that and i think it's a going to be a determining factor, now, new jersey, new jersey, maryland, it isn't going to decide whether-- obama will win those states. his popular vote may be down, i think the hurricane is going to suppress the popularity vote. >> paul: dampen that. >> and i spoke to a pollster not working for the obama campaign and agreed with dan's sentiment, turnout was an issue for democrats, enthusiasm is down, but also says that he thinks this allowed obama, even though he missed some days on the campaign trail, allowed him to get out there and show some leadership, some bipartisanship, thanks to the new jersey governor, republican chris christie be being at his side for a couple of days. >> paul: i want to ask you, new jersey residents, and generally a fan of governor chris christie, what do you make of this embrace of the governor with the president? >> well, our colleague peggy noonan, says you want to keep yo
doesn't think he has plans for the deficit. >> i don't think either side has plans for it. it becomes the lesser of two evils. >> reporter: kevin says he can't plan a 2013 budget and certainly can't hire. >> our customers are just slow. they're just not ordering. >> reporter: he says like him, they're frozen, waiting to see who wins the election and whether we fall off the fiscal cliff. >> i need some reassurance that we're going to take care of our debt problem. that we're going to help small business. >> reporter: he says he will vote for romney, but acknowledges that is little the next president can do without congress and it pains him. >> so this is my dream. i mean, i have everything invested in this company. and so my name is on the line with the banks. and so i got to make it happen. my people are counting on me. >> reporter: the economic numbers in iowa tell a good story for the president. but plenty of people worry about the bigger picture, and neither campaign can take this state's six critical electoral votes for granted. >> poppy harlow in des moines right now, poppy, ther
.66 inches above normal for the month. now we are only trailing in the animal deficit by 1.5 inches. -- trailing the annual deficit. ocean city, 7.5 inches, all because of this massive area of low pressure swirling over the eastern half of the country. blizzard warnings continued in garrett county and the mountains of west virginia. below freezing in allegany and garrett county and the cool air is trying to get into the eastern part of the state. rain is possible and it could mix with a wet snow flake or two. the south breeze is bringing in the cooler air. the forecast for the tides around the bay, here are the times again. st. michael's at 6:00, havre de grace almost 11:00 tonight. the tides could be 5 feet above normal when it rolls in. there is a weather system coming in from the west. the futurecast shows this no winding down in the mountains as we go through thursday and finally clearing out with some sunshine for the end of the wakeek. right now the weekend looks decent and a little milder. >> as a result of hurricane sandy, hundreds of thousands of customers were left without
inches. for the year, we're over 28.6 inches, still 6 inches below normal. the rainfall deficit is gone to start to go away a bit. the futurecast is showing the heavy rain to the north. temperatures are chilly. it is unusual to talk about temperatures in the 40's with a hurricane, but that is the nature of this system. the northwest wind 30 to 40 miles an hour gradually shifting to the southwest. we could see gusts over 60 miles an hour over maryland as the storm gets closer. tomorrow, temperatures will hold steady. we will not see temperatures rise in tomorrow even though a tropical system is moving in. heavy rain in the morning paper into showers in the afternoon. it will be windy early on. that should diminish as it turns south. the wind still gusting over 40 miles an hour tomorrow. the 7-day forecast, we will finally crawled out from underneath sandy midday wednesday. showers could be heavy tomorrow. strong and damaging wind tomorrow morning. tapering off a bit in the afternoon. showers early in the morning on wednesday. mostly cloudy in the afternoon. sandy should be gone in time f
, and president bush cut taxes and we went from having a surplus to having a deficit. so i think there's -- i mean if you look at the tax policy center they basically said it's very hard to see evidence of exactly how raising taxes figures into all of this. >> several things. i was talking about president bush 41 in 1990 when they raised taxes, and it was supposed to help us reduce the deficit, in fact, congress just spent all the money that came in. when poll significances raise taxes, whether it's in california, we've seen the devastation there. illinois, we've seen the damage to that economy, maryland. when politicians raise taxes instead of cutting spending, you have lousy economic growth. those states, and you can compare either the reagan recovery, lower taxes, spending restraints, less regulation versus the very weak obama economy, wore where he did all the opposite things of reagan and got everything that an economist would tell you gets bad in an economy. let's compare state by state. california versus texas. illinois versus florida. you cut taxes you get more growth. you raise taxes you
hear a lot of swing voters talking about the deficit and the debt. concerned about the economy, the jobs. but that's not abstract. they understand that on a fundamental level and that's a key pitch the republicans have been making. that issue does resonate with people at their kitchen table. >> all right. great conversation. thank you, guys. >> i got one question. one question for you, don. one question. >> yes. >> we're both in ohio. it is all cold. how come you look like you're on gq and i look like the michelin man. >> you should be asking yourself that question, ali velshi. >> thank you, ali. thank you john avalon. appreciate it. now to some serious news here. a new storm is threatening to make recovery efforts worse in the northeast. our meteorologist chad myers is here to tell us how bad it could be. chad, we're hearing of freezing temperatures, what is going on here? >> freezing temperatures are really the problem. and then there is another storm, a coastal low. sometimes you can call them nor'easters, but this one doesn't qualify as a nor'easter just yet. we have a big
, he asked the wealthiest americans to pay a little more so that we can reduce the deficit and make investment in education, research, and guess what? a bunch of folks running for congress at the time said this is going to hurt the economy. this is going to kill job creation. if that argument sounds familiar, one of those candidates has to be running for president right now. it turns out his bath at their math was just as bad back that as it is now. -- then as it is now. by the end of bill clinton's second term, americans created 23 million new jobs. poverty was doubt and the deficit became the biggest surplus in history. colorado, we know the ideas. we know that our ideas work. we also know those that don't work. eight years after bill clinton left office. his policies were reversed. the wealthiest americans got tax breaks they did not need. companies enjoy tax breaks for shipping jobs overseas and insured that oil companies and wall street were given free rein. folks got to play by different set of rules than the rest of us. the result was falling in comes and record deficits and
to help the middle class. [applause] we know what is going to grow jobs, reduce the deficit. and let me tell you, what governor romney is offering eight it. it is not it. giving more power back to the biggest banks is not changed. leaving millions without health insurance, that is not changed. . a another $5 trillion tax cut that favors the wealthy, that is not change. [applause] refusing to answer questions about the details of your policies -- not change. rolling out a compromise by pledging the tea party's agenda, us. good luck to you. guest: thank you. host: a want to point to an editorial in bloomberg. that cannot from michael bloomberg, the mayor of new york. he writes that he votes for president to lead on climate change. he says the climate is changing how the increase in extreme weather we have experienced in new york city may or may not be the result it should compel all elected leaders to take action. governor bloomberg rates we need leadership from the white house. president obama has taken major steps to reduce our current consumption, including higher fuel efficiency stand
. what he is doing on day one is adding to the deficit. >> could be but let's go back to 1980 and ronald reagan. changed tax policy, a similar situation to now. i don't know many people who trust washington to have any more money to spend. >> i think reagan is a great example. he did cut taxes and we had exploiting deficits in 1980s. >> then he raised them. >> then he raised them. we do also have another example from the 1990s, which is president clinton, who had a balanced budget. he asked the wealthy to pay more. the rates went up to 39.6. we had eight years of very strong growth. >> including surplus. >> i'm not saying the taxes cause that but we know that having higher taxes on wealthy americans didn't lead to a recession as republicans have argued. that's what's really daunting about the whole discussion about taxes. the fact that we have no real idea what mitt romney will do on taxes as president other than if we take him at his word, it does mean that middle class americans will pay more in taxes. either he is not being honest with us or middle class americans will see a tax incre
for president obama. you know that he promised bipartisanship and to reduce the deficit by half. you know that he was going to give us accountable government. he said he would reduce the health insurance by $2,500. today we have -- we had promises of economic recovery. this president today has not delivered on his promises of 2008. that is reason enough to have him not be president of united states. he has not delivered. [applause] it is very clear that america cannot afford four more years obamanomics. and the abuse of power by pointing many of his own party and executive orders be on the constitution. -- beyond the constitution. we will have a new president obama -- pardon me, i mean, president runomney. $814 steel is that did not work. -- stimulous that did not work. worst economic problems america has faced since world war ii. 23 million people looking for full-time jobs. under an employment a 40% of the economy. -- underemployment making up 40% of the economy. many people on food stamps. that is the failure, but americans are not quitters. we can turn the ship around and we will turn
economy issue number one, but the deficit and the debt. you hearted that. they do feel that it's a form of generational theft, but they have some real questions. this is a center right campus, and there were some obama supporters, but overall i think the edge was to romney, about the there's real questions both about the authenticity of his recentering in the general election after campaigning as a severe conservative. you heard that. also, real questions about the role that social issues and the religious right play in the republican party. some of them were very fiscally conservative is saying this doesn't fit me or my generation. it's a fascinating wide-ranging issue of students very engaged in that pivotal battleground state of virginia. >> where have you been? you've been in florida, north carolina. you're in virginia with ali velshi, and is that sort of the theme in talking to some of these voters, john, that, you know, really it's the economy that is clearly the biggest concern, the biggest issue as they're heading to the polls? >> absolutely. the economy is the biggest issue. yo
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